MCV and Develop Publisher Acquired by U.S.-Based NewBay Media

Intent Media, which owns such popular games industry publications as MCV and Develop, has been acquired by North American publishing group NewBay Media. The deal also includes other Intent Media publications such as Music Week, ToyNews and Bike Biz. Intent Media founder and current managing director Stuart Dinsey will stay on that role and be in charge of the group's UK and European presence.

"Strategically, our plan has always included international expansion," said NewBay CEO Steve Palm. "I am pleased that we were able to do this with a company that so perfectly complements our own portfolio and mission. The addition of Intent immediately enhances our ability to serve the Broadcast, Pro Audio and AV markets. Further, Intent's terrific team and operating platform open up new opportunities for global expansion of our powerful U.S. brands, as well as development of Intent's market-leading Gaming, Music and Computer/Mobile Retailing brands into the U.S."

"Intent has constantly expanded, becoming one of Europe's biggest specialists in business media for entertainment markets," Dinsey added. "Our entrepreneurial spirits and on-going ambitions fit perfectly with NewBay. Together, we look forward to exploring further growth opportunities."

NewBay was founded in 2006 and publishes Pro Sound News and Pro Sound News Europe, Systems Contractor News and Installation, TV Technology and TVB Europe.

It is expected that Intent Media will operate independently from NewBay for the foreseeable future.

Source: GII

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